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Tesla Joins NASDAQ 100: ETFs To Play The Upgrade

By: ETFdb
Tesla Motors (TSLA) is having an outstanding year. With the launch of the Model S this Spring the stock price has nearly tripled, setting the growing company up to become the most recent addition to the NASDAQ 100. This index of 100 non-financial companies consistently outpaces other market indexes, such as the S&P 500 and Dow Jones Industrial Average. Replacing software giant, Oracle (ORCL), Tesla has once again caught investor and analyst attention [check out Stocks Kicked Out Of The NASDAQ-100 (QQQ) Since 1995]. Even as Tesla continues to rake in the cash, it remains absent from the portfolios of auto ETFs and broader consumer discretionary funds. One huge positive for investors who have so far used alternative energy funds to gain exposure to the growing firm, there are a number of funds that revolve around the NASDAQ 100. Many ETFs will have to pick up Tesla when they rebalance to continue tracking [...] Click here to read the original article on ETFdb.com. Related Posts: Why Your Auto ETF Is Missing Out On Tesla’s (TSLA) Rally Daily ETF Roundup: Stocks Pop On Earnings Euphoria Global X to Close 4 ETFs AAPL Weighting In QQQ To Be Slashed Earth Day Special: Definitive Guide To Clean Energy ETFs
Tesla Motors (TSLA) is having an outstanding year. With the launch of the Model S this Spring the stock price has nearly tripled, setting the growing company up to become the most recent addition to the NASDAQ 100. This index of 100 non-financial companies consistently outpaces other market indexes, such as the S&P 500 and Dow Jones Industrial Average. Replacing software giant, Oracle (ORCL), Tesla has once again caught investor and analyst attention [check out Stocks Kicked Out Of The NASDAQ-100 (QQQ) Since 1995]. Even as Tesla continues to rake in the cash, it remains absent from the portfolios of auto ETFs and broader consumer discretionary funds. One huge positive for investors who have so far used alternative energy funds to gain exposure to the growing firm, there are a number of funds that revolve around the NASDAQ 100. Many ETFs will have to pick up Tesla when they rebalance to continue tracking [...]

Click here to read the original article on ETFdb.com.

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